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If the seller won't disclose, the pesky home inspector will! A warning to Mr. & Mrs. Seller.

Reblogger Beverly Femia
Real Estate Agent with BlueCoast Realty Corporation

A Thoughful illustration of the importance of disclosure!  Today's buyer is inherently nervous! 

 

Credit and comment for this original work should be direct at the link below to Andrea Sweidler, Greater New Milford, CT

http://activerain.com/blogsview/2475014/if-the-seller-won-t-disclose-the-pesky-home-inspector-will-a-warning-to-mr-mrs-seller-

Original content by Andrea Swiedler Licensed in Connecticut

When someone talks to me about selling their home, price is the first thing that comes up. My standard phrase is "price it accordingly", then we discuss what I mean by that.

Price it according to condition.
Price it according to location.
Price it according the the local market.


Home InspectionsYou know all those issues you have just lived with over the years and chose to ignore? Well, they will come up. It is a given. And the buyers will not want to live with the issues, trust me on that one. If you can fix it, do so. If you can't or won't fix it, price it according to the actual condition. (If you think you can hide something about the condition of your home, think again.) Then you must disclose!

(Cue stage right) Bring in the dreaded home inspector.

Did you honestly think that he wouldn't find the bucket you have in the attic used to catch the water pouring in from the active leak you have going on there? He will, and boy oh boy will the buyers be angry.

It may cost you the sale....

The fact you painted over the water stains on the ceiling will not deter this pesky home inspector. They use the CSI method of investigations. You know... the flashlight technique. Walls, joints, ceilings. That beam of light hitting the wall tells all. Fix the leak first, then paint. And note it on the disclosures... (as a side note, just painting over an area that has water damage will show up... that darned inspector has Xray vision or something)

Or it might cost you the sale....

When the outside of the house is rotting, which is causing water problems, either fix it and disclose, or price it according to the condition and disclose. The inspector will find it, the buyers will be angry and...

It may cost you the sale....

When the inspector finds serious issues in an inspection that were not disclosed, I can tell you that the buyer begins to fear that there may be even bigger issues that you are hiding.

And that WILL cost you the sale.

And as a side note, if you think you can just move on and try again, remember this. Your agent is bound by law to disclose known issues, even if you choose not to.

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Posted by

Beverly Femia

The Femia Team


"With Us, It's All About You!"

 

Beverly Femia

 

 Coldwell Banker Sea Coast Realty

1001 Military Cutoff Road, Suite 101 Wilmington, NC 28405

Fax to 1-866-784-3089 (Toll Free)

Beverly Femia

Broker / REALTOR®

Email:Bev@CoastalAreaLiving.com

Phone:Bev at (910) 279-9794

Search:Wilmington Area Propertywww.CoastalAreaLiving.com

 

 

 

Comments(3)

Jen Giraud
American Home Shield - Dallas, TX

Great post Beverly, thanks for sharing! Every potential seller needs to read this post. Very important information!!

Aug 28, 2011 05:25 AM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Beverly, there is nobody quite so angry as a buyer who has an inspection, and finds out there are issues that the seller HAD to know, but did not disclose.  They can easily be deal-breakers.

Aug 28, 2011 02:51 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I think that generally if you disclose something up front, it costs far less than if you let someone else disclose it for you. It makes you look a little dishonest.

Sep 03, 2011 02:50 PM